Stax Acquires BlockChyp to Expand End-to-End Payment Solutions
Slice of Finance Team
10/03/2024
Key Highlights:
- Stax expands its end-to-end processing with BlockChyp acquisition.
- BlockChyp’s advanced technology includes a leading payments gateway and simplified APIs.
- Acquisition supports Stax's position as a top multi-channel embedded payments provider.
- Strategic move builds on Stax's history of acquisitions to accelerate growth.
Source: Business Wire
Quotes
“ "As Stax continues to offer the best embedded payment solutions to unlock partner and merchant success, we remain steadfast in our commitment to investing in innovative technology and industry expertise." ”
Paulette Rowe, CEO at Stax
Our Take:
The acquisition of BlockChyp positions Stax as a stronger leader in the embedded payments industry, especially for integrated software vendors (ISVs) and merchants. BlockChyp's innovative technology, including its payments gateway and APIs, significantly enhances Stax's existing solutions, reducing friction for users and offering an enriched partner experience. This strategic expansion not only accelerates Stax’s market presence but also reinforces its commitment to delivering cutting-edge, multi-channel payments solutions in an increasingly competitive fintech landscape.
